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In this book financial distress, its causes and solutions are explicitly explained. The book also discusses about the capital structure and cost of capital in relation to financial distress. Financial distress, causes of financial distress, consequences of financial distress, resolution of financial distress and the role of financial distress. The relationship between financial distress and liquidity, profitability, leverage, efficiency and other related factors explained clearly. Moreover, it explains about the trade-off theory and the contending models of financial distress. The book is very valuable for University instructors who teach in areas of corporate finance and students who learn corporate finance, researchers in area of financial structure, capital structure and financial conditions of companies.
About the author
Andualem Ufo is a lecturer in Wolaita Sodo University and served as a lecturer of department of accounting and finance and Director of Planning and Program and Cost sharing office coordinator. He holds MSc in Accounting and Finance and Post graduate diploma in Entrepreneurship.
